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1. Define Industrial sickness?
Sick industrial unit is defined as a unit or a company (having been in existence for not less than five years) which is found at the end of any financial year to have incurred accumulated losses equal to or exceeding its entire net worth. The net worth is calculated as sum total of paid up capital and free reserves of a company less the provisions and expenses, as may be prescribed.
2. List the good sources of business ideas?
Worker characteristics: enduring individual attributes that influence the capacities workers can develop -Abilities, occupational values and interests, and work styles
Worker requirements: general attributes developed through education and experience, thus are more amenable to change than worker characteristics -Knowledge skills and education
Occupational requirements: descriptors of the work itself rather than the worker - Generalized work activities, work context, and organizational context
Experience requirements: types and quantities of experience required for specific occupations - Worker experience in other jobs, related training, on-the-job training, and certification requirements
Individual occupation characteristics: reflects labor demand, supply, and other labor market information.
Occupation-specific requirements: information unique to a particular job Occupation-specific skills and knowledge, tasks and duties, and equipment used
4. State some uses of business plans?
need of business plan
5. Distinguish between Entrepreneurship and Intrapreneurship
6. Define intrapreneur ?
An inside entrepreneur, or an entrepreneur within a large firm, who uses entrepreneurial skills without incurring the risks associated with those activities. Intrapreneurs are usually employees within a company who are assigned a special idea or project, and are instructed to develop the project like an entrepreneur would. Intrapreneurs usually have the resources and capabilities of the firm at their disposal. The intrapreneur's main job is to turn that special idea or project into a profitable venture for the company.
Sick industrial unit is defined as a unit or a company (having been in existence for not less than five years) which is found at the end of any financial year to have incurred accumulated losses equal to or exceeding its entire net worth. The net worth is calculated as sum total of paid up capital and free reserves of a company less the provisions and expenses, as may be prescribed.
2. List the good sources of business ideas?
- Consumers
- Distribution Channel
- Government policies
- Research and Development
- Existing products and services
Worker characteristics: enduring individual attributes that influence the capacities workers can develop -Abilities, occupational values and interests, and work styles
Worker requirements: general attributes developed through education and experience, thus are more amenable to change than worker characteristics -Knowledge skills and education
Occupational requirements: descriptors of the work itself rather than the worker - Generalized work activities, work context, and organizational context
Experience requirements: types and quantities of experience required for specific occupations - Worker experience in other jobs, related training, on-the-job training, and certification requirements
Individual occupation characteristics: reflects labor demand, supply, and other labor market information.
Occupation-specific requirements: information unique to a particular job Occupation-specific skills and knowledge, tasks and duties, and equipment used
4. State some uses of business plans?
- Evaluating a New Venture
- Informing Suppliers and Customers
- Monitoring Your Business's Performance
- Understanding pressure points.
- Attracting Good People
- Back up a business loan application.
- Sell your business.
- Share and explain business objectives with your management team, employees and new hires.
need of business plan
5. Distinguish between Entrepreneurship and Intrapreneurship
|
Difference
|
Entrepreneur
|
Intrapreneur
|
|
1. Dependency |
An entrepreneur is independent in his operations. |
An intrapreneur is dependent on the owner |
|
2. Raising of funds |
An entrepreneur himself raises the funds required for the
enterprise |
Funds are not raised by the intrapreneur |
|
3. risk
|
Entrepreneur bears the risks |
An intrapreneur does not fully bear the risks |
|
4. Operation
|
The entrepreneur runs own operations |
The intrapreneur operates within the organisation. |
6. Define intrapreneur ?
An inside entrepreneur, or an entrepreneur within a large firm, who uses entrepreneurial skills without incurring the risks associated with those activities. Intrapreneurs are usually employees within a company who are assigned a special idea or project, and are instructed to develop the project like an entrepreneur would. Intrapreneurs usually have the resources and capabilities of the firm at their disposal. The intrapreneur's main job is to turn that special idea or project into a profitable venture for the company.
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